Sunday, June 23, 2024

Centre Releases Rs 1.39 Lakh Crore Installment of Tax Devolution to States – N.F Times




New Delhi: The Finance Ministry at the Centre has decided to release one additional instalment of devolution of taxes to states besides the devolution amount for June 2024.

It has been decided that apart from the regular release of the devolution amount for June 2024, one additional instalment will be releasedThis release cumulatively amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending.

The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of taxes to States.

With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is Rs. 2,79,500 crore.

State-wise releases:

Sl.No. State Tax Devolved on 10th June, 2024
1 Andhra Pradesh 5655.72
2 Arunachal Pradesh 2455.44
3 Assam 4371.38
4 Bihar 14056.12
5 Chhattisgarh 4761.30
6 Goa 539.42
7 Gujarat 4860.56
8 Haryana 1527.48
9 Himachal 1159.92
10 Jharkhand 4621.58
11 Karnataka 5096.72
12 Kerala 2690.20
13 Madhya Pradesh 10970.44
14 Maharashtra 8828.08
15 Manipur 1000.60
16 Meghalaya 1071.90
17 Mizoram 698.78
18 Nagaland 795.20
19 Odisha 6327.92
20 Punjab 2525.32
21 Rajasthan 8421.38
22 Sikkim 542.22
23 Tamil Nadu 5700.44
24 Telangana 2937.58
25 Tripura 989.44
26 Uttar Pradesh 25069.88
27 Uttarakhand 1562.44
28 West Bengal 10513.46
  TOTAL 139750.92



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